If the Closing Price of a Stock Is $48

question 74

Multiple Choice

If the closing price of a stock is $48.88 and the annual earnings per share is $0.86, find the P/E ratio.

• A)51.16
• B)42.04
• C)46.24
• D)56.84

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Definitions:

Statistics Class

An educational course focused on the study and application of statistical methods and analysis.

Probability

Estimating the chances of an event manifesting.

Business Class

A class of airline service that provides enhanced amenities, greater seat comfort, and higher levels of service than economy class.

Probability

This is the estimation of an event's probability, indicated by a number from 0 to 1, where 0 is the impossibility of the event and 1 is absolute certainty.